American Airlines Stock News

American Airlines CFO Devon May said airfares will likely stay elevated even if oil prices drop, citing the carrier's $1.9 billion fuel costs.

US airlines favor higher fares over fuller planes as fuel costs squeeze profits

American Airlines' loyalty program, AAdvantage, differentiates the company from its rivals and provides a competitive advantage, executives said Thursday (Oct. 22) during a third-quarter earnings call. “We said we'd lead in loyalty, and we are,” American Airlines CEO Robert Isom said during the call.

American Airlines Group Inc (NASDAQ:AAL, XETRA:A1G) reported record third-quarter revenue of $16.3 billion, up 19.3% year on year, but rising fuel costs pushed it to an adjusted net loss of $182 million. The airline's fuel expense increased by $1.9 billion, or 67.5%, compared with the same period last year, with an average price of $3.85 per gallon weighing heavily on profitability.

American Airlines cut projections for its bottom line, citing rising fuel costs as the war in Iran drags on.

The carrier picked a bad day to report earnings. In truth, it chose a bad month and even year.

The carrier said revenue is projected to climb 20% to 23% in the fourth quarter, during which it is also on track to post an adjusted loss of 50 cents to $1.10 a share.